Platinum recovery is still the bread and butter here, and with spot holding up decently the cash generation…by @swordfish_sa on $ARI

Platinum recovery is still the bread and butter here, and with spot holding up decently the cash generation story looks solid on paper. Iron ore though, that's the wildcard, moves around too much for comfort. At 169.34 you're paying fair value for a diversified shop, not cheap but not a value trap either if they keep the discipline on capex.